N.Y. Public Authorities Law 2675-C – Definitions
§ 2675-c. Definitions. As used or referred to in this title, unless a different meaning appears from the context:
Terms Used In N.Y. Public Authorities Law 2675-C
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Personal property: All property that is not real property.
1. "Authority" shall mean the public benefit corporation created by section twenty-six hundred seventy-five-d of this title.
2. "Board" shall mean the members of the authority created in section twenty-six hundred seventy-five-d of this title.
3. "Bonds" shall mean hotel revenue bonds, notes, and other evidence of indebtedness issued by the authority pursuant to this title.
4. "City" shall mean the city of Albany.
5. "Common council" shall mean the common council of the city of Albany.
6. "Comptroller" shall mean the comptroller of the state of New York.
7. "Convention facility" shall mean a convention center complex comprised of facilities for trade exhibition, hotel accommodations, transportation infrastructure, tourism, retail business, commercial office space and/or parking of which the ownership, lease, transfer, design, development, planning, financing, creation, siting, construction, renovation, administration, operation, management and/or maintenance is authorized to be undertaken, in whole or part, by the authority pursuant to this title.
8. "County executive" shall mean the county executive of the county of Albany.
9. "County legislature" shall mean the county legislature of the county of Albany.
10. "Director of the budget" shall mean the director of the budget for the state of New York.
11. "Downtown" shall mean the area within the boundaries of the city of Albany located within one mile of the State Capitol or Empire State Plaza.
12. "Governor" shall mean the governor of the state of New York.
13. "Mayor" shall mean the mayor of the city of Albany.
14. "Municipality" shall mean a county, town, city or village.
15. "Person" shall mean any natural person, partnership, limited liability company, association, joint venture or corporation, exclusive of a public corporation.
16. "Personal property" shall mean chattels and other tangible things of a moveable or removable nature.
17. "Property" shall mean both real and personal property.
18. "Real property" shall mean lands, structures, franchises and interests in land, airspace, waters, lands under water, riparian rights, air rights, any fixtures, equipment and articles of personal property affixed to or used in connection therewith, and any and all things and rights included within said term and includes not only fees simple absolute but also any and all lesser interests including but not limited to easements, rights-of-way, uses, leases, licenses and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, including terms for years and liens thereon by way of judgments, mortgages, or otherwise.
19. "State" shall mean the state of New York.
20. "Theatre facilities" shall mean a building or part of a building with one or more performance areas and one or more audience seating areas used primarily for the presentation of dramatic or musical theatre.